Budget 2025: Know what gets costlier, what gets cheaper?

The government has announced zero customs duty on capital goods used for companies manufacturing lithium ion batteries. This is expected to reduce the prices of mobile phones and electric vehicles. Many medical devices, life-saving drugs and cancer related medicines have been added to the list of zero basic customs duty. This will also reduce their prices.

The basic customs duty on various categories of imported motorcycles has been reduced by five to 20 percent.

To boost the domestic textile industry, the import duty on small and medium looms has been reduced from 7.5 to zero. This will encourage MSMEs in this sector and is expected to reduce the prices of clothes. By reducing the import duty on wet blue leather and crust leather to zero, their products are also expected to become cheaper.

In addition, television sets are expected to become cheaper by reducing the duty on import of capital goods for open cells manufacturing for LCD/LED TV sets from 2.5 percent to zero.

Duty on import of various categories of readymade garments has been increased to 20 percent or Rs 115 per kg (whichever is higher). Apart from this, custom duty on interactive flat panel displays has been increased from 10 percent to 20 percent. This will also increase their prices.

Electronics

Medicines

36 life saving medicines

Cancer medicines

Electric vehicles

Mobile phones

Mobile batteries

Fish paste

Leather goods

LED TV

What became expensive in the budget

Flat panel display, TV display

Fabric (Knitted Fabrics)